ASX selects Nasdaq for post-trade technology

Exchange groups the Australian Securities
Exchange and Nasdaq said late Monday they will collaborate to
replace ASX’s existing clearing technology
platforms with Nasdaq’s Genium Inet Clearing
Platform.

The technology overhaul will replace The
Australian Exchange’s (ASX) existing equities and
options clearing technology platforms with
Nasdaq’s Genium Inet, which is already in use at
ASX for futures Clearing.